Vancouver, British Columbia–(Newsfile Corp. – January 31, 2023)- T2 Metals Corp. (TSXV: TWO) (OTCQB: AGLAF) (WKN: A3DVMD) (“T2” or the “Company”) is pleased to announce the granting of additional mining claims from BLM on the Lida copper-silver project located in the Walker Lane Belt in south-central Esmeralda County, Nevada. The additional claims were staked during preparations for drilling in late 2022 to secure a subsurface induced polarization (“IP”) chargeability anomaly and an adjacent resistivity anomaly. The area covered by the claim block now totals 5.25 square kilometers and supports the strike extension of the IP and resistivity anomalies.
The Lida project now consists of 63 permitted BLM lode mining claims covering three recently identified high chargeability anomalies and an adjacent strong resistivity anomaly (see news release dated 08/23/22). The chargeability/resistivity zone corresponds to an area of high-grade copper oxide sampled at surface. Copper grades in 57 tailings and pit samples ranged from 26.20% Cu to 12 ppm Cu for an average copper grade of 1.80%. Twenty samples exceeded 1% Cu, including 14 that exceeded 2% Cu.
The geology and character of the geophysical anomalies indicate that Lida has the highest potential for porphyry-style mineralization in the volcanic rocks intruding the carbonate-rich Harkless and Poleta Formations. There is no indication from exploration logs or field observations that the chargeability/resistivity targets have been previously drill tested.
“As we learn more about the potential of the Lida project, we have decided to expand our land position beyond the chargeability and resistivity anomalies identified in the 2022 IP program. Lida is located in central Walker Lane, Nevada, one of the United States’ premier and busiest exploration addresses for gold, silver, copper and lithium,said Mark Saxon, President and CEO.
About T2 Metals Corp (TSXV: TWO) (OTCQB: AGLAF) (WKN: A3DVMD)
T2 Metals Corp is an emerging copper and precious metals company creating shareholder value through exploration and discovery. T2 is focused on the Sherridon project in Manitoba, the Lida project in Nevada and the Cora project in Arizona.
ON BEHALF OF THE BOARD OF DIRECTORS,
“Mark Saxony”
Markus Sachsen
President and CEO
For more information please contact:
t2metals.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
[email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release is forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as “seek,” “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,” “will.” , “intend”, “could”, “could”, “should”, “believe” and similar expressions. Forward-looking statements are based on the opinions and expectations of the Company’s management as of the date such statements are effective and, in certain cases, on information provided or disseminated by third parties. Although the Company believes that the expectations reflected in forward-looking statements are based on reasonable assumptions and that information obtained from third party sources is reliable, it cannot guarantee that these expectations will prove to be correct. Readers are cautioned not to place undue reliance on any forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties. Actual results could differ materially from those contemplated in the forward-looking statements. Accordingly, actual events could differ materially from those projected in the forward-looking statements. These risks include uncertainties related to exploration activities. If you rely on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and not place undue reliance on such forward-looking statements. The Company undertakes no obligation to update any forward-looking statement, except as required by applicable securities laws.
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